Grab Raises 2026 Forecasts and Announces $750 Million Buyback

Grab Holdings raised its 2026 annual revenue projections to between $4.10 billion and $4.15 billion and increased its adjusted EBITDA forecast to $720 million–$740 million. The updates follow a second quarter where revenue rose 22% to $997 million and adjusted EBITDA surged 54% year-over-year to $168 million. The company also authorized a $750 million share buyback program, which drove a 3% to 4% increase in its Nasdaq-listed shares in extended trading.

Growth was supported by a 21% increase in deliveries revenue and a 59% jump in financial services, the latter bolstered by the acquisition of Stash and the consolidation of Superbank. To maintain demand during a regional fuel crisis in May 2026, Grab implemented an affordability strategy including a budget-friendly Saver tier and $706 million in incentives for customers and partners. The company reached a record 53.9 million monthly transacting users during the quarter.

Grab is now leveraging AI investments to reduce sales inefficiencies and improve margins. Looking forward, the company plans to launch a revenue-generating autonomous vehicle service in Punggol, Singapore, in the fourth quarter of 2026.